SBS News – Australia
·australia
·2 hours ago
Inflation falls as fuel prices ease — but rate rise fears remain
Australia's headline inflation fell to 4.2 percent in April as fuel prices eased, beating forecasts of 4.4 percent, the Australian Bureau of Statistics said Wednesday. The underlying trimmed mean inflation edged up to 3.4 percent, signaling persistent price pressures that may prompt further Reserve Bank rate hikes.
Summary by Glance · SBS News – Australia
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